Shares of Triple-S Management Corp. (NYSE:GTS) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 1-year consensus target price of $27.00 for the company and are predicting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 47 out of 256 based on the ratings given to its competitors.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank lifted its stake in shares of Triple-S Management by 12.0% in the 2nd quarter. First Hawaiian Bank now owns 15,588 shares of the company’s stock valued at $372,000 after purchasing an additional 1,664 shares during the last quarter. Investors Research Corp lifted its stake in shares of Triple-S Management by 31.3% in the 2nd quarter. Investors Research Corp now owns 4,200 shares of the company’s stock valued at $100,000 after purchasing an additional 1,000 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Triple-S Management by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 144,100 shares of the company’s stock valued at $3,289,000 after purchasing an additional 4,600 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Triple-S Management in the 1st quarter valued at $1,712,000. Finally, Brandes Investment Partners LP lifted its stake in shares of Triple-S Management by 52.9% in the 1st quarter. Brandes Investment Partners LP now owns 31,802 shares of the company’s stock valued at $726,000 after purchasing an additional 11,006 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.
GTS traded up $0.49 during trading on Friday, reaching $26.00. The company had a trading volume of 85,762 shares, compared to its average volume of 109,802. The company has a market capitalization of $578.34 million, a PE ratio of -16.88, a P/E/G ratio of 1.11 and a beta of 0.26. The business’s 50 day moving average is $24.04. Triple-S Management has a 52 week low of $15.45 and a 52 week high of $38.05. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03.
Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.51. The company had revenue of $787.59 million during the quarter, compared to the consensus estimate of $769.21 million. Triple-S Management had a positive return on equity of 1.88% and a negative net margin of 1.06%. Triple-S Management’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, equities research analysts expect that Triple-S Management will post 2.25 earnings per share for the current fiscal year.
Triple-S Management Company Profile
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
Featured Article: Net Margin – Understanding the Different Kinds of Profit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.